BSP Circular No. 887: Further Amendments to the Regulations on the Approval/Confirmation of the Election/Appointment of Directors/Officers
Dear Rural Bankers, The Monetary Board, in its Resolution No. 1342 dated 20 August 2015, approved the amendments to some of the provisions of Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI). The sections/ subsections of the MORB that were amended are as follows: a. Subsec. X141.2 Qualifications …